⸺ Obituary · January 8, 2014 ⸺

“An Early Obituary For Bitcoin”

Reuters

Edward Hadas

“Bitcoin is the wrong answer to a good question: what can be done to make the monetary system less crazy? . . . Bitcoin is not over yet. But the pseudo-currency is close enough to collapse to merit an early retrospective. . . . Bitcoin is neither a relatable store of value nor a helpful unit of account.”

Price at death

$860

Today

$61,577

Resurrection

×71.6

On 2014-01-08, Edward Hadas (Economics Editor, Thomson Reuters) declared Bitcoin dead via Reuters. Bitcoin was trading at ~$860 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on January 8, 2014, when one Bitcoin traded for approximately $860. Since then, Bitcoin has appreciated by 71.6× relative to the price on the day Reuters pronounced it finished.

Read the original →

← Earlier death

“One Thing You Can Bank On: The Bitcoin Currency Is Doomed”

Later death →

“Bitcoin Fails As A Currency And The Bubble Will Eventually Pop”

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